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← GRACE INSTITUTE INC

Form 990 for tax year 2025

Filed by GRACE INSTITUTE INC.

Totals

Total revenue
$753,462
Total expenses
$905,570
Contributions and grants received
$750,786
Grants paid
$632,650
Program service revenue
$0
Investment income
$2,676
Other revenue
$0
Total assets, end of year
$173,578
Total liabilities, end of year
$5,881
Net assets or fund balances, end of year
$167,697
Program services expenses (Part IX)
$858,118
Management and general expenses
$26,144
Fundraising expenses
$21,308
Program service expenses (Part III)
$858,118

Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $750,786

  • 3 · Investment income

    total $1,676 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    other assets $1,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $1,000

  • 7d · Net gain or loss

    total $1,000 · related or exempt $1,000 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $109,850 · program services $109,850

  • 3 · Grants to foreign organizations and individuals

    total $522,800 · program services $522,800

  • 5 · Compensation of officers, directors and key employees

    total $80,185 · program services $68,158 · management and general $6,013 · fundraising $6,014

  • 7 · Other salaries and wages

    total $71,842 · program services $61,066 · management and general $5,388 · fundraising $5,388

  • 9 · Other employee benefits

    total $49,030 · program services $41,676 · management and general $3,677 · fundraising $3,677

  • 10 · Payroll taxes

    total $5,496 · program services $4,672 · management and general $412 · fundraising $412

  • 11c · Fees: accounting

    total $7,300 · program services $0 · management and general $7,300 · fundraising $0

  • 12 · Advertising and promotion

    total $600 · program services $0 · management and general $0 · fundraising $600

  • 13 · Office expenses

    total $5,418 · program services $4,605 · management and general $407 · fundraising $406

  • 14 · Information technology

    total $2,245 · program services $1,909 · management and general $168 · fundraising $168

  • 17 · Travel

    total $18,028 · program services $15,324 · management and general $1,352 · fundraising $1,352

  • 19 · Conferences, conventions and meetings

    total $583 · program services $583 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Donor Care

    total $1,864 · program services $0 · management and general $0 · fundraising $1,864

  • 24b · Other expenses: Equipment & Supplies

    total $1,349 · program services $1,147 · management and general $101 · fundraising $101

  • 24c · Other expenses: Meals

    total $4,284 · program services $3,642 · management and general $321 · fundraising $321

  • 24d · Other expenses: Staff Development

    total $12,781 · program services $10,865 · management and general $958 · fundraising $958

  • 24e · All other expenses

    total $11,915 · program services $11,821 · management and general $47 · fundraising $47

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $165,940 · end of year $106,642

  • 2 · Savings and temporary cash investments

    beginning of year $159,808 · end of year $66,936

  • 25 · Other liabilities

    beginning of year $5,943 · end of year $5,881

  • 27 · Net assets without donor restrictions

    beginning of year $319,805 · end of year $167,697

Mission and programs · 2025

Mission

To train, equip, and prepare pastors in under resourced areas of the world with theological education.

  • Delivery system- hundreds of pastors and church leaders in very rural areas receive theological training through donated technological delivery systems such as tablets, computers, projectors, etc.

    Expenses $429,059 · Grants $316,325

  • Learning conferences- The Grace Institute and ministry partners provide learning conferences to the pastors to help them understand how to better study and facilitate learning communities.

    Expenses $429,059 · Grants $316,325

As filed on the 2025 return.

Listed in Part VII

  • Will Savell

    President

    Total calculated
    $117,185
    From this org
    $80,185
    From related orgs
    $0
    Other
    $37,000
    Hours/week
    40
  • Blake Dickens

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Scot Sherwood

    Board Member

    Total calculated
    $0
    Hours/week
    5
  • Zack Graham

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
Filed
29 April 2026
IRS schema version
2025v4.1
Source object
202611259349302346

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